List of top Economics Questions asked in CUET (PG)

Given below are two statements:
Statement I: The minimum number of members required to form a private company is 7.
Statement II: The restriction as to maximum number of companies of which a person may be appointed as director, is 10 in case of private company. In the light of the above statements, choose the correct answer from the options given below:

The quorum for a Board Meeting in case of a company is :

____is an order of the court requiring a person to refrain from doing some act.

Which doctrine defines 'let the buyer beware'?

X purchased a piece of land on 4 January 1978 for 50,000. The land was sold by him on 2 September 2021 for 17,00,000. The market value of the land as on 1 April 2001 was 5,11, 200. Expenses on transfer were 2% of the sales price. The capital gain for the assessment year 2022-23 is: [Cost Inflation Index for 2021-22 is 317]

The National Commission on Farmers was formed under the chairmanship of:

In computing the total income of an individual being a person with disability, a deduction under section 80U share be allowed if certain conditions are satisfied. The quantum of such deduction is :
A. 50,000 in case of a person with disability
B. 75,000 in case of a person with disability
C. 1,00,000 in case of a person with severe disability
D. 1,25,000 in case of a person with severe disability
E. 2,00,000 in case of a person with disability or severe disability
Choose the correct answer from the options given below:

It is a pricing strategy in which a product or service is set at a very low price with the intention of driving competitors out of the market or creating barriers to entry for potential Competitors.

Match List I with List II

Choose the most appropriate answer from the options given below:

A firm produces chair, table and cupboards, each require three types of raw materials - timber, nails and varnish. The units of different raw materials required for producing one units of each product is as under: Product Timber (c.ft) Chair Table 0.7 1 Nails (dozen) 2 Varnish (liters) 1 4 1.5 Cupboard 3.2 16 2 If the firm produces 300 units of each product, find the quantity of each raw material. (in c.ft., dozen, liter) respectively would be:

Which of the following canons of taxation is also known as the 'principle of ability'?

Given below are two statements:
Statement I: Agricultural income is totally exempted, provided it falls with in the definition of agricultural income given under section 2 (1A). Statement II: Any sum received by an individual as a member of a Hindu Undivided Family, shall be taxable in the hands of the member.
In the light of the above statements, choose the correct answer from the options given below:

Which of the following relative measures of skewness is based on percentiles?

The sum of the deviations of a given set of obserations taken from median, ignoring ± signs, is:

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: There is an inverse relationship between the demand of foreign exchange and the exchange rate.
Reason R: A higher exchange rate implies higher prices of foreign goods resulting in lower demand for foreign goods and lower demand for foreign exchange.
In the light of the above statements, choose the correct answer from the options given below

Given below are two statements:
Statement I: In the short run some factors are fixed while in the long run they become varibale.
Statement II: The payment to an input which is in fixed supply in the short run is called quasi rent.
In the light of the above statements, choose the correct answer from the options given below

Identify the correct statements:
A. As per absolute - income theory of consumption the current consumption expenditure depends upon the current and absolute level of income.
B. The relative - income theory of consumption states the proportion of income consumed by a household depends on the level of its income in relation to the household with which it identifies itself.
C. According to permanent income hypothesis, it is the current income which determines the level of current consumption expenditure.
D. The life cycle theory of consumption was given by Ando and Modigliani
E. The lifecycle hypothesis postulates, that individual consumption in any time period depend upon resources available to individual, the rate of return on his capital and the age of individual.
Choose the correct answer from the options given below:

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: In case of substitute commodities \(X_1\) and \(X_2\), both partial marginal demand of \(\frac{∂X_1}{∂P_2}\) and \(\frac{∂X_2}{∂P_1}\) are positive, where \(\frac{∂X_1}{∂P_2}\) means partial marginal demand of \(X_1\) with respect to \(P_2\) and \(\frac{∂X_2}{∂P_1}\) means partial marginal demand of \(X_2\) with respect to \(P_1\)
Reason R: In case of substitute commodities, increase in price of one of them causes an increase in demand for the other provided the price of the other commodity is held fixed.
In the light of the above statements, choose the correct answer from the options given below.

STEM: Which of the following is correct?
A. Theory of comparative advantage was given by David Ricardo.
B. As per the theory of comparative advantage, it make sense for a country to specialize in production of these goods that it can produce more efficiently than others.
C. Theory of absolute advantage was given by David Hume.
D. As per the theory of absolute advantage, country should specialize in production of those goods for which they have an absolute advantage and then trade these goods for those produced by other countries.
E. Factor Endowment theory was given by Michael Porter.
Choose the correct answer from the options given below:

__is issued by a bank at the request of an importer. It states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of specified documents.

Which of the following is a method used for measurement of cyclical variations?

Which of the following is not the property of regression coefficients?

Which of the following is the first and foremost stage in the product life cycle?

Match List I with List II

Choose the most appropriate answer from the options given below:

Identify the correct sequence of decision involved in developing advertisement programmes.
A. Objective setting
B. Message decision
C. Budget decision
D. Advertising evaluation
E. Media decisions
Choose the correct answer from the options given below: